Stock-based Compensation (Tables)

6 Months Ended

Sep. 29, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Stock Options, Valuation Assumptions

The fair value of stock options is estimated on the grant date using the Black-Scholes option pricing model which includes the following weighted-average assumptions.

	Six (6) months ended
	September 30
	2012		2011
Expected life (in years)	7.0		4.8
Risk free interest rate	0.8	%	1.7	%
Annual forfeiture rate	2.0	%	2.1	%
Volatility	44.6	%	45.3	%
Dividend yield	1.0	%	0.7	%

Schedule of Stock Options, Activity

The following table summarizes the Company’s stock option activity:

	Shares (in 000’s)		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life (Years)	Intrinsic Value (000’s)
Outstanding at March 31, 2012	2,827		$	34.95
Granted	184		22.07
Exercised	—		—
Forfeited or expired	(131	)	33.14
Outstanding at September 30, 2012	2,880		$	34.21	4.3	$	618
Exercisable at September 30, 2012	2,521		$	35.20	3.6	$	—

Schedule of Stock Options, Nonvested Share Activity

The following table summarizes certain information regarding the Company’s non-vested stock options:

	Shares (in 000’s)		Weighted-Average Grant-Date Fair Value
Non-vested at March 31, 2012	382		$	12.15
Granted	184		9.02
Forfeited	(19	)	11.36
Vested	(188	)	12.16
Non-vested at September 30, 2012	359		$	10.57

Schedule of Restricted Stock Units, Activity

The following table summarizes the Company’s restricted stock unit activity:

	Shares (in 000’s)		Weighted-Average Grant-Date Fair Value
Outstanding at March 31, 2012	280		$	31.23
Granted	175		22.07
Vested	(167	)	29.25
Forfeited	(10	)	29.75
Outstanding at September 30, 2012	278		$	26.71

Schedule of Performance Share Units, Valuation Assumptions

The fair value of performance share awards (subject to the Company’s Relative TSR Ranking) is estimated on the grant date using the Monte-Carlo simulation valuation method which includes the following weighted-average assumptions.

	Six (6) months ended
	September 30
	2012		2011
Expected volatility	41.3	%	50.8	%
Risk free interest rate	0.4	%	0.9	%
Dividend yield	1.0	%	0.7	%

Schedule of Performance Share Units, Activity

The following table summarizes the Company’s performance share award activity:

	Shares (in 000’s)		Weighted-Average Grant-Date Fair Value
Outstanding at March 31, 2012	183		$	33.77
Granted	111		22.35
Vested	—		—
Forfeited	(11	)	30.98
Outstanding at September 30, 2012	283		$	29.39